If evolution is descent with modification applied to life on Earth‚ then microevolution can be called the small‚ measurable evolutionary changes within a population while macroevolution is large evolutionary change over long periods of time - short term and long term/big picture evolution‚ essentially. Microevolution works on a single population’s genetics and could be said to be the status quo of evolution that occurs consistently and universally while macroevolution occurs over many years or as
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BORN GLOBAL FIRMS The concept of Born Global Firms can be defined as various characteristics or various criteria since it was first introduced into business theory. It has been suggested that a Born Global Firms is a new firm which make at least one international sale to any new market within two years (Australian and New Zealand Academy of Management‚ 2009). While there is another theory stated that Born Global Firms can be considered as early adopters of internationalization. Cavusgil and Knight
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KNOWLEDGE MANAGEMENT : * "Knowledge management is a discipline that promotes an integrated approach to identifying‚ capturing‚ evaluating‚ retrieving‚ and sharing all of an enterprise ’s information assets. These assets may include databases‚ documents‚ policies‚ procedures‚ and previously un-captured expertise and experience in individual workers." * Knowledge Management‚ (KM) is a concept and a term that arose approximately two decades ago‚ roughly in 1990. Knowledge Management may
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Revealing the Corporation “Managing and communicating about corporate brands‚ building corporate identity‚ and protecting corporate reputation are vital issues in the boardrooms of entities global and local‚ large and small‚ corporate and non-profit. Revealing the Corporation treats the highly salient realm of corporate branding‚ identity‚ image‚ and reputation. Balmer and Greyser explain the roots of the territory‚ gather decades of wisdom about it‚ and interpret its significance and applicability
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Summary of the Article‚ ”Why do firms exist”……….. Ronald Coase may not be as famous as other economists due to his non-recognisable status but at the turn of the century ‚ he was able to achieve a recognisable status by applying practical theories on pre- existing economic theories. Highlights Deregulation revolution of 1980s Re-surfacing the pin factory which was the foundation of division of labour criticism of earlier economics theories of Adam Smith and others. Bureacracy in modern
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1. Compare and contrast the theories of the firm developed by Alchian & Demsetz and Hart. Property rights is the focus of Alchian and Demsetz’s Theory of the firm‚ it considers the possibility that‚ when output is commonly shared‚ individuals faces the incentive to shirk as it is often difficult to observe individual output‚ and the consequence of shirking is bared by all members of the team. Hence monitoring and supervision is required in team production. Given the cost of monitoring and supervision
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David Whitman‚ Whirlpool CEO‚ 1994 Quoted in the Harvard Business Review In 1989‚ Whirlpool Corporation (Whirlpool) embarked on an ambitious global expansion with the objective of becoming the world market leader in home appliances. Beginning with the purchase of a majority stake in an appliance company owned by Philips‚ the Dutch electronics firm‚ Whirlpool purchased a majority stake in an Indian firm‚ established four joint ventures in China‚ and made significant new investments in its Latin
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Firm Reputation and Horizontal Integration∗ Hongbin Cai† Ichiro Obara‡ March 14‚ 2008. Abstract We study effects of horizontal integration on firm reputation. In an environment where customers observe only imperfect signals about firms’ effort/quality choices‚ firms cannot maintain good reputation and earn quality premium forever. Even when firms choose high quality‚ there is always a possibility that a bad signal is observed. Thus‚ firms must give up their quality premium‚ at least temporarily
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Case26 Haveloche Corporation is a research and development company‚ which translates into sporadic cash flows over time. There are times when genius ideas bring in lots of cash flow for the company. However‚ there are also times where those genius ideas are shelved because no one has an interest in that patent. The ever changing cash flows prove to be difficult for decision making‚ especially when it comes to whether the company should give back to its investors or not. Haveloche is constantly
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AN EMPIRICAL TEST AND EXTENSION OF THE BARTLETT AND GHOSHAL TYPOLOGY OF MULTINATIONAL COMPANIES Anne-Wil Harzing Version October 1999 A revised version of this paper appeared in Journal of International Business Studies‚ vol 31 (2000)‚ no. 1‚ pp. 101-120. Copyright © 1999 Anne-Wil Harzing. All rights reserved. Do not quote or cite without permission from the author. Dr. Anne-Wil Harzing University of Melbourne Department of Management Faculty of Economics & Commerce Parkville
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